Master in Business Analytics
The Master’s in Business Analytics (BA) is a multidisciplinary program, aimed at improving business processes by applying a combination of methods based on mathematics, computer science, and business management. You will be trained in recognizing and solving in-company problems. BA is a hands-on program: you will use your expertise in the various fields to improve business practices by examining and analyzing real-world situations as faced by companies daily.
Construct, implement and assess solution approaches
Theories from Business Analytics are typically applied to areas such as supply chain planning, data mining, call center management, revenue management and risk management. The Master’s program will deepen your knowledge in these areas and give you the opportunity to specialize in business process optimization, computational intelligence, and financial risk management. Combining the knowledge you acquire and applying it to practical situations plays an essential role in the program. The Master’s degree is concluded with a six-month individual internship at a company (the Master’s project).
You will learn
- The art of mathematical modeling and ways to apply it in practice
- To build a complete decision support system in a group project
- To analyze data and recognize data patterns and structures
- Mathematical methods used within financial institutions
- Scientific writing and presentation skills
- To work in an interdisciplinary team, to communicate and work together with experts in different areas
- To combine and apply your knowledge in practice by means of a traineeship
- Business Process Optimization
- Computational Intelligence
- Fanancial Risk Management
With a Master’s degree in BA, you will always be in demand in the labor market – even in times of economic downturn. Companies need academics who have learned to analyze quantitative problems, devise good solutions and implement them. Opportunities for continuing your education in a Ph.D. research program might also be considered.
What do students of Business Analytics do once they graduate?
- consultants (30 percent)
- quantitative analysts or risk managers at financial institutions (30 percent)
- ICT workers (20 percent)
- data-mining specialists (10 percent)
- other professions (10 percent)
Continuing your studies
Graduates with excellent grades are invited to apply for one of our Ph.D. student positions. This is normally awarded for four years, during which the student is expected to complete a research project. The main task of a Ph.D. student is to conduct research resulting in a thesis.
The requirements are split up into Masters’ specialization specific requirements and general requirements.
Specific requirements master’s program
- The Master’s program in Business Analytics is open to those with a Bachelor’s degree in the same or an equivalent field and who are in possession of sufficient mathematical and computer skills. Those who have a Bachelor’s degree in Business Mathematics, Mathematics or Econometrics from a university or an institute of higher education will be admitted if approval of the Examination Board is obtained. The main admission criteria are:
- A Bachelor of Science
- 90 EC (European credit points) or equivalent of Mathematics/Econometrics/Computer Science courses at the BSc level.
- 45 EC (european credit points) or an equivalent of Mathematics courses at the BSc level, including Probability and Statistics.
- English language skills at the level of TOEFL score 580 or above.
- Holders of an HBO diploma in Business Mathematics are admitted first to the one-year pre-master's program and are advised first to contact the master’s coordinator before applying. Either way, an individual program will be designed for the student in consultation with the coordinator.
Admission to the dual (part-time) program
Admission to the dual master's program is granted to those who have a BA Bachelor's degree. For those with another university Bachelor's degree, such as Mathematics, Econometrics, Computer Science, or a Bachelor's degree from an institute of higher education, admission may be granted on an individual basis. Those seeking admission to the dual master's program should realize that admission also depends on obtaining suitable employment. BA has contacts with a number of companies that are interested in participating in this program.
Please note, that courses in the dual program are to be followed in the standard course schedule (and hence, during the day): a special schedule for part-time students does not exist. It is usually necessary to visit the university several days per week to follow the program. For more information, contact the master’s coordinator.
Due to visa restrictions and limits to issue work permits to students from abroad by the Dutch immigration authorities, the dual program is only open for students living in the Netherlands.
General language proficiency requirements
Vrije Universiteit Amsterdam requires international applicants to take an English test and to submit their score as a part of the application. Exceptions are made for students who have completed their education in Canada, USA, UK, Ireland, New Zealand or Australia or who have obtained an International Baccalaureate or European Baccalaureate diploma.
This school offers programs in:
Last updated October 26, 2018